On July 6, Mahomes extended his 10-year contract with the Kansas City Chiefs for a total salary of $477 million. Along with $26 million in bonuses depending on performance, the American player can receive up to $503 million for a contract that lasts until the end of 2031. Thereby, Mahomes becomes the first athlete in sports history. The world owns a contract worth half a billion dollars. As for American sports, Mahomes broke the record of baseball player Mike Trout, who signed a 12-year contract worth $426.5 million with the Los Angeles Angels.
Speaking of football, also known as American football, it’s a world overwhelmed by money. Just 30 seconds of advertising in the middle of a Super Bowl can cost 10 million USD. But it was not until Mahomes signed a half-billion dollar contract that football could “rise” compared to baseball, where the players were not limited in wages. It should be known that as of June 2020, the Top 10 biggest sports contracts in the world include 9 baseball players (led by Mike Trout) and 1 boxer (Canelo Alvarez with a contract of 365 million VND). USD signed with DAZN). But then Mahomes exploded a $ 503 million cannon, an unprecedented milestone on the planet.
However, in the American sports industry, there has never been a rugby player topping the income chart. The top earning position often falls to the big names of tennis, boxing or golf. Even Mahomes has never been in the Top 10 of the world’s highest-paid sports stars. The current salary of the 24-year-old player is 25 million USD/year, which is not comparable to football superstars like Ronaldo ($35 million/year at Juventus) or Messi ($33 million/year at Barcelona). But with the new contract, Mahomes will double his salary and soon join the world’s highest-paid athletes.
In the realm of rugby, Mahomes’ $503 million contract is an unbelievable record. Because the old record of Aaron Rodgers was only $ 191.5 million (signed with Green Bay Packers in September 2018). However, Rodgers’ contract is only for 4 years, equivalent to an income of 47.7 million USD/year. Mahomes’ contract is up to 10 years, resulting in an annual income of approximately $ 50 million – not much more than Rodgers. The “unbelievable” in Mahomes’ contract of the century is the 10-year term for an exorbitant salary. Kansas City Chiefs advocates pushing the player born in 1995 into an icon within the next decade. What Mahomes showed in the Super Bowl in February confirmed the stature of the world’s number one star with prolific and brave play. Mahomes won the “Player of the Game” award when he helped the Kansas City Chiefs beat the San Francisco 49ers 31-20.
But because of the term of up to 10 years, Mahomes’ $ 503 million contract is bound by many terms to ensure the interests of both sides. Including an “injury bail” clause that allows the Texas-born player to pocket at least $140 million in the event of a serious injury that must retire from his career. In addition, Mahomes is also favored with a “no trade clause”, allowing him to decide whether to go or stay at any club that wants to sell Mahomes to another team. However, according to experts, the ability of Mahomes to pocket the full $ 503 million is very low because too many provisions require this player to maintain peak performance and performance until the age of 35, 36.
